India - Toluene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingToluene Price in India - 2023
Contents:
- Toluene Price in India (CIF) - 2023
- Toluene Price in India (FOB) - 2022
- Toluene Imports in India
- Toluene Exports in India
Toluene Price in India (CIF) - 2023
In July 2023, the average toluene import price amounted to $975 per ton, leveling off at the previous month. In general, the import price recorded a noticeable shrinkage. The pace of growth was the most pronounced in November 2022 an increase of 8.4% against the previous month. Over the period under review, average import prices attained the peak figure at $1,291 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($978 per ton), while the price for Malaysia ($954 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Iran (+0.4%), while the prices for the other major suppliers experienced a decline.
Toluene Price in India (FOB) - 2022
In 2022, the average toluene export price amounted to $1,470 per ton, surging by 12% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, toluene export price increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,596 per ton), while the average price for exports to Jordan ($721 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Toluene Imports in India
After three years of growth, purchases abroad of toluene decreased by -8.8% to 533K tons in 2022. The total import volume increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 25% against the previous year.
In value terms, toluene imports soared to $604M in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Toluene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 92.4 | 85.3 | 161 | 204 | 30.2% |
| South Korea | 30.4 | 73.7 | 112 | 141 | 66.8% |
| Singapore | 78.8 | 70.0 | 45.9 | 84.3 | 2.3% |
| Taiwan (Chinese) | 2.5 | 12.4 | 36.8 | 46.5 | 165.0% |
| Malaysia | 13.9 | 10.3 | 25.6 | 32.3 | 32.5% |
| Oman | 47.9 | 5.7 | 16.4 | 30.3 | -14.2% |
| Philippines | 3.5 | 2.2 | 13.2 | 16.6 | 68.0% |
| Iran | 18.5 | 18.0 | 15.8 | 16.0 | -4.7% |
| Portugal | 5.3 | 6.3 | 7.8 | 11.5 | 29.5% |
| Netherlands | 2.7 | 7.0 | 8.3 | 10.4 | 56.8% |
| Others | 10.5 | 9.6 | 9.1 | 11.2 | 2.2% |
| Total | 306 | 300 | 452 | 604 | 25.4% |
Top Suppliers of Toluene to India in 2022:
- Thailand (167.9K tons)
- South Korea (123.0K tons)
- Singapore (84.0K tons)
- Taiwan (Chinese) (37.1K tons)
- Oman (28.8K tons)
- Malaysia (27.0K tons)
- Iran (19.2K tons)
- Philippines (13.5K tons)
- Netherlands (10.6K tons)
- Portugal (10.5K tons)
Toluene Exports in India
Toluene exports from India declined sharply to 11K tons in 2022, waning by -28.5% on the previous year. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of 15K tons, and then shrank significantly in the following year.
In value terms, toluene exports contracted sharply to $16M in 2022. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 78% against the previous year. As a result, the exports attained the peak of $20M, and then dropped remarkably in the following year.
| Export of Toluene in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 4.6 | 9.2 | 7.5 | 64.0% |
| United Arab Emirates | 1.5 | 0.4 | 2.2 | 1.8 | 6.3% |
| Kenya | 1.2 | 1.1 | 1.3 | 1.1 | -2.9% |
| Uganda | 0.8 | 0.8 | 1.2 | 1.0 | 7.7% |
| Egypt | 0.4 | 0.6 | 1.0 | 0.8 | 26.0% |
| Nepal | 0.5 | 0.5 | 0.8 | 0.7 | 11.9% |
| Nigeria | 0.4 | 0.6 | 0.5 | 0.4 | 0.0% |
| Jordan | 0.8 | 0.2 | 0.1 | 0.2 | -37.0% |
| Sri Lanka | 0.2 | 0.2 | 0.5 | N/A | 58.1% |
| Others | 2.2 | 2.1 | 2.7 | 2.3 | 1.5% |
| Total | 9.7 | 11.0 | 19.5 | 15.6 | 17.2% |
Top Export Markets for Toluene from India in 2022:
- Sri Lanka (undefinedK tons)
- China (4.7K tons)
- United Arab Emirates (1.3K tons)
- Kenya (0.8K tons)
- Uganda (0.7K tons)
- Egypt (0.6K tons)
- Nepal (0.5K tons)
- Nigeria (0.4K tons)
- Jordan (0.2K tons)
This report provides an in-depth analysis of the toluene market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141225 - Toluene
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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